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Requirements for ST registration in India

Requirements for ST registration in India

| February 1, 2016 | Reply

Service Tax is an Indirect Tax in India enacted under the Finance Act, 1994. The government of India has streamlined the process of Service Tax Registration across India and a common set of documents are prescribed for the same. The entire process is online but require subsequent submission of the hard copies of the evidencing documents […]

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Fast track exit for companies

Fast track exit for companies

| February 1, 2016 | Reply

FAST TRACK EXIT MODE Ministry has issued Guidelines for “Fast Track Exit (FTE) Mode” to give opportunity to the defunct companies to get   their names struck off from the register under Section 560 of the Companies Act, 1956 in time bound manner Two Main Criteria for eligibility • The company applying under FTE should not […]

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Professional opportunity for Chartered Accountants

Professional opportunity for Chartered Accountants

| January 30, 2016 | Reply

The opportunities for a Chartered Accountant are clearly vast, the scope massive. For a small and medium practice to grow, the firm has to “THINK BIG.” Success comes only to doers and not onlookers and observers. Success demands maximum efforts. The key to success in life is to have faith in oneself. There is no […]

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Director Identification Number (DIN)

Director Identification Number (DIN)

| January 30, 2016 | Reply

It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013 Procedure of obtaining DIN Any person intending to apply for DIN shall have to make an […]

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Requirements for Incorporation of Private limited Company

Requirements for Incorporation of Private limited Company

| January 14, 2016 | Reply

Requirements for Company Incorporation For Filing Name Availability (Form INC 1) a. Number of Promoters. Provide DIN, PAN Xerox of both sides, and Address proof Xerox of all promoters. b. Email ID, Phone number (landline if available, mobile number) of applicant promoter. c. Provide Object of the company in brief through mail. d. Whether promoters […]

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How to Identify and Avoid Tricky Financial Advisors?

How to Identify and Avoid Tricky Financial Advisors?

| January 14, 2016 | Reply

It is a common thing to hear these days that when you are looking for a suitable investment plan to fit in to your financial plan, not every time can you expect the correct advice from the financial advisors. While discussing about investment with an advisor, many times you might come across incorrect guidance. It […]

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Decoding GST (Part 1) – Road to GST

Decoding GST (Part 1) – Road to GST

| January 14, 2016 | Reply

To set the stage for the ambitious reform legislation, the Union Cabinet under the leadership of Shri Narendra Modi ji on 17th December, 2014 approved the proposal for introduction of a Bill in the Parliament for amending the Constitution of India. The Constitution (One Hundred & Twenty Second Amendment) Bill, 2014 as proposed under Bill […]

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Decoding GST (Part 2) – Step towards GST

Decoding GST (Part 2) – Step towards GST

| January 14, 2016 | Reply

The current article would be focusing on the historical background of Goods and Services Tax and how it has evolved over the period in India.In almost all the budget speeches since the year 2006-07, there has been a reference to the implementation of GST. All the steps have been discussed herewith to showcase the process […]

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Concept of one person company

Concept of one person company

| January 14, 2016 | Reply

OPC- Section 2(62) of Companies Act, 2013 provides that “One Person Company” means a Company which has only one person as a Member. CHARACTERISTICS OF OPC- 1) Natural Person + Indian Citizen + Resident in India = Incorporate an OPC/ Nominee of an OPC. 2) OPC = Private Company. 3) 1 Person shall be incorporate […]

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Secretarial Standard 1- A bird’s view

Secretarial Standard 1- A bird’s view

| January 11, 2016 | Reply

SECRETARIAL STANDARD 1- A BIRD’S VIEW Companies follow diverse secretarial practices and, consequently, there was a need to put together, harmonize and standardize such practices so as to uphold uniformity and stability. The Secretarial Standards Board formulates Secretarial Standards taking into consideration the applicable laws, usages, business environment, practical applicability and the best secretarial practices […]

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